The Chamber of Mines of the Philippines (CoMP) said the government’s mining reforms could help restore the industry’s role as a major contributor to national exports.
CoMP Chairman Michael T. Toledo, speaking at the 2025 Mining Philippines International Conference and Exhibition, expressed optimism that policy changes will attract new investments and drive the sector’s recovery, as reported by BusinessWorld.
He cited several catalysts for growth, including the lifting of the ban on open-pit mining, the new tax system for large-scale mining, and the streamlining of permit processes. Toledo said these developments could bring the industry closer to the time when mining accounted for over 20% of the country’s export earnings.
“If we continue to operate responsibly, sustainably, and transparently, mining can once again become one of the strongest drivers of our economy,” he said.
Toledo also noted that the Philippines now ranks 16th in investment attractiveness based on a Fraser Institute survey, adding that the improved ranking could “unlock billions in investment.”
Environment Secretary Raphael P. M. Lotilla, who also spoke at the event, said upcoming reforms will continue to promote responsible mining and strengthen sustainability across the industry. He emphasized that minerals should now be viewed not merely as commodities but as “assets for a clean-energy future and inclusive progress.”
Lotilla added that the government has adopted a climate and ecosystem-based approach to evaluating mining projects. He said the Mines and Geosciences Bureau will launch a Mineral Mapping and Inventory Program in 2026 to align mining operations with the United Nations Sustainable Development Goals.
How do you think these mining reforms can balance investment growth with long-term sustainability?
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